$STX Short Liquidation Update
Short positions totaling $5.238K were liquidated at $0.38774, confirming strong buy-side pressure and forcing bears to cover.
Market Structure
Price is holding above the liquidation level, showing acceptance at higher prices. This shift in structure favors continuation as long as momentum remains supported.
Key Levels
Support: $0.386 – $0.372
Resistance: $0.402 → $0.425
Bullish Trade Setup
Entry: Break and hold above $0.402, or a controlled pullback holding above $0.386
Targets:
TP1: $0.425
TP2: $0.455
Stop Loss: Below $0.368
Market Sentiment
The short squeeze flipped control to buyers and strengthened upside momentum. With sellers cleared and structure intact, pullbacks are likely to attract demand.
Bullish bias remains active while price holds support and volume confirms follow-through.
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